KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Chinese property firms are returning to international bond markets at their fastest pace in nearly four years , signalling a tentative rebound in investor confidence after a prolonged real estate crisis. What Happened In just two days , three Chinese property developers issued or marketed offshore bonds — marking the busiest issuance week since mid-2022 , according to Bloomberg data. The deals include: Yuexiu Property Co Ltd China Overseas Grand Oceans Group Ltd Both marketed offshore yuan-denominated notes , even tapping the market on a Friday , typically avoided by issuers Dalian Wanda Commercial Management Group Co Sold a US$360 million bond , its first international issuance in three years Why Sentiment Is Improving Several developments helped lift market mood: China Vanke Co Ltd made progress in distancing itself from earlier financial stress New World Development Co Ltd also took steps to stabilise its balance sheet...